Is First Republic Bank Next to Go?
Real Vision: Finance & Investing
00:00
What's Your Take on the Credit Twist?
On March 17, 2008 is the day that Bear Stearns went under. JP Morgan took him out of $2 a share, later went up to $10 a share. But at that point in which everybody was like, we're going to die. On Monday and the stock market was higher on one day, the 17th,. And stocks went up for the next three months. It was this huge counter trend rally, you know? So I'm kind of wanting, we have the same feeling today. We walk in this morning and credits with is gone and nothing crashed and the stocks are up about a percent. Like it makes me wonder if this is not the ninth inning of the
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